M&A Deal Summary

Bridgepoint Acquires QualiTest

On July 10, 2019, private equity firm Bridgepoint acquired information technology company QualiTest from Marlin Equity Partners

Acquisition Highlights
  • This is Bridgepoint’s 3rd transaction in the Information Technology sector.
  • This is Bridgepoint’s 58th transaction in the United Kingdom.

M&A Deal Summary
Date 2019-07-10
Target QualiTest
Sector Information Technology
Buyer(s) Bridgepoint
Sellers(s) Marlin Equity Partners
Deal Type Secondary Buyout

Target

QualiTest

London, United Kingdom
QualiTest is a global provider of quality assurance and software testing services. Qualitest specializes in AI-powered Digital Assurance, Automation, Performance Engineering, Cyber Security Testing, Accessibility Testing, Blockchain IOT and Drone Technology Assurance. QualiTest offers a wide variety of QA and testing services such as: Test Process Improvement, Test Automation, Performance testing, Onshore testing outsourcing, flexible testing staffing, Exploratory Testing, Scrum Testing and testing tools. QualiTest was founded in 1997 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Bridgepoint

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 28.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Bridgepoint is a large European private equity firm that invests in middle-market companies across a broad range of industries with an enterprise value of €200 - €1000 million. Prospective transaction situations include buyouts, buy-ins, growth financings, consolidations, and take privates. The firms invest in the range of €75 - €400 million transaction. Bridgepoint Development Capital specializes in investments in businesses valued up to a €150 million, taking equity stakes of between €10 million and €75 million. General sectors of interest include consumer products and services, retail, financial services, healthcare, media, technology, industrials, and business services. Bridgepoint was formed in 1984 and has offices in London, Frankfurt, Luxembourg, Madrid, Milan, Paris, Stockholm and Warsaw.

DEAL STATS #
Overall 132 of 176
Sector (Information Technology) 3 of 7
Type (Secondary Buyout) 52 of 70
Country (United Kingdom) 58 of 76
Year (2019) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-25 Acteon

Merignac, France

Acteon is a French Medtech company specializing in design and manufacturing of high-tech dental and medical devices. Recognized for its innovation capabilities, the quality of its products and the expertise of its management team, Acteon is ideally positioned in a growing market driven by long-term trends. Acteon also benefits from a diversified geographical exposure. Acteon was founded in 1946 and is based in Merignac, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-19 Estera Group Services Limited

Belfast, Ireland

Estera is a global provider of corporate, trust, fund and accounting services. The company was created following a management buyout of the fiduciary group of Appleby. It rebranded as Estera in April 2016.

Sell -

Seller(S) 1

SELLER

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.

DEAL STATS #
Overall 36 of 63
Sector (Information Technology) 4 of 9
Type (Secondary Buyout) 5 of 11
Country (United Kingdom) 3 of 5
Year (2019) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-10 Fourth

Austin, Texas, United States

Fourth is a cloud-based (SaaS) provider of hospitaliy management systems. Fourth was founded in 1999 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-09 SmartSearch

Leeds, United Kingdom

SmartSearch is a provider of a regulatory compliance software platform that enables customers to adhere to the latest anti-money laundering (AML), customer due diligence and know your customer (KYC) obligations. SmartSearch was founded in 2011 and is based in Leeds, United Kingdom.

Buy -
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